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Europe set for two new gigafactories as it lures battery makers

Europe set for two new gigafactories as it lures battery makers
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United statesEuropean unionEuropean commissionNorth americaReduction actTemporary crisisTransition frameworkPresident emmanuel macron

Europe set for two new gigafactories as it lures battery makers

Both plants will start production in 2026, employ thousands of people and supply batteries to European car makers

United statesSachsen anhaltFrance generalGilles guillaumeElaine hardcastleMatt scuffhamAndreas rinkeSupantha mukherjeeEuropean commissionEuropean unionNorth americaReduction actTemporary crisisTransition frameworkPresident emmanuel macronVictoria waldersee

Europe set for two new gigafactories

Two electric vehicle battery makers plan to spend around 10 billion euros ($11 billion) on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects in a bid to win the subsidy race with the US.

United statesEuropean unionEuropean commissionNorth americaReduction actTemporary crisisTransition frameworkPresident emmanuel macron

Europe bags $11B gigafactories as it lures battery makers

Europe is set to get two major factories that will be built by two electric vehicle battery makers that said on Friday they plan to spend around 10 billion.

United statesEuropean commissionNorth americaTemporary crisisTransition frameworkFrench president emmanuel macronElectric vehicleAutomotive industryBattery production

Europe set for two new gigafactories as it lures battery makers

Two electric vehicle battery makers plan to spend around 10 billion euros on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects in a bid to. | May 12, 2023

France generalUnited statesSachsen anhaltSupantha mukherjeeGilles guillaumeAndreas rinkeElaine hardcastleMatt scuffhamEuropean commissionNorth americaTemporary crisisTransition frameworkFrench president emmanuel macronVictoria walderseeBerlin editingVolkswagen ag stock exchange